The Global Steel Market to be Worth $1.317 Trillion in 2011' says Visiongain

Since the industrial revolution, steel has been the essential material used in the maintenance and expansion of the global economy. But shortagesof iron ore and coking coal coupled with a high oil price have meant that the steel industry today faces significant challenges. With the rise ofChina, the steel market — and all commodity markets — has experienced a reawakening like never before. China’s rapid industrialisation and franticurbanisation, coupled with rapid industrial developments in the other BRIC nations, has meant a reinvigoration of the steel industry and a renewedinterest in steel, iron ore and coking coal by the investment community. High levels of capital investments, R&D and the scramble for steel inputs in Africa, have all followed in the wake of the rising demand for steel and its primary inputs. Visiongain’s The Steel Market Analysis, Financials &Forecasting 2011-2021 report calculates the global steel market to be worth $1.317 trillion in 2011.

The industry will be faced with important constraints and challenges over the next decade including a rising and volatile steel price, shortagesof inputs, overcapacity, growing protectionism, inflation in China, and economic stagnation in advanced economies. This report offers an examinationof the steel market over the next decade, providing detailed market forecasts for each of the regional markets and offering in-depth analysis of the opportunities and challenges facing companies in the steel market throughout the world.For abrasives companies working in this market it could provide useful information that guides their development decisions for example.

The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of thesteel market. Several original indicators are included to more accurately assess the future direction of the global steel market including per capitasteel consumption rates, demographic trends in China, new legislation in the automobile industry and more.

Visiongain’s The Steel Market Analysis, Financials & Forecasting2011-2021 report details the prospects for this dynamic metal with detailedforecasts from 2011-2021. The report says its publishers will be valuable to those already involved in the steel market or to those wishing to enter this important market in the future.